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May 17, 2013
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paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted deficits since 2008 trying once again to repeal obama care. they voted for the 37th time to repeal obama care despite the fact that there is good reason to believe that obama care is to credit for much of the remarkable deficit reduction projected this week by the cbo. the deficit reduction republicans used to hold up as their entire reason for being. because the biggest driver of our long term deficits is rising health care costs and -- get this -- between 2009 and 2011, total health spending grew at the lowest annual pace in t
paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted...
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May 18, 2013
05/13
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i think the chance of another down grade is remote because of the spectacular progress on the deficit. here is the interesting angle to me. it is not that obama's agenda is in at that time in tatteres is, it was months ago. i think what may has been, the things he doesn't want may get shoved down his throat, keystone pipeline and maybe another sequester n november he may have to accept sequester for 2014. >> slowly healing jobs market and plunging deficit mean there is a lot of other things, scandal things talking about in washington. if we were talking about those things, i can assure you democrats would be talking about the other two. thanks, guys. >> coming up. u 8 >>> partisanship and the inability of our elected leaders to put our prosperity ahead of politics paralyzed washington and that paralysis brought us debt debacles, sequesters, fiscal cliffs and it has gotten so bad olympia snow decided last year she could serve no more. she has a new book fighting for common ground, a memoir of her career. when i sat down with her i asked her point-blank what is wrong with these people i
i think the chance of another down grade is remote because of the spectacular progress on the deficit. here is the interesting angle to me. it is not that obama's agenda is in at that time in tatteres is, it was months ago. i think what may has been, the things he doesn't want may get shoved down his throat, keystone pipeline and maybe another sequester n november he may have to accept sequester for 2014. >> slowly healing jobs market and plunging deficit mean there is a lot of other...
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May 17, 2013
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paul ryan was their deficit guy, and that deficit argument, that the deficit was too big, one of their main arguments against re-elected president obama. >>> we have just received the new estimate of what the deficit is going to be by the end of this year. this is what the deficit had been up through last year, so 2009. that's president obama's first year, 2010, 2011, 2012. now show the next year. this is what they had projected the deficit would be by the end of this year. but now that estimate has been revised. they have revised the projected deficit for this year, and as of now, this is what the new deficit -- we have that slide whistle. we have never used it before. are you kidding me? the opportunity cost. anyway. as of now, this is what the new estimate of what the deficit will be by the end of this year. as you can see, this means that the deficit has shrunk by about $800 billion. since president obama has been in office. this is the fastest deficit reduction we have had as a country since world war ii. and honestly, that's kind of terrible. it's kind of terrible to the extent t
paul ryan was their deficit guy, and that deficit argument, that the deficit was too big, one of their main arguments against re-elected president obama. >>> we have just received the new estimate of what the deficit is going to be by the end of this year. this is what the deficit had been up through last year, so 2009. that's president obama's first year, 2010, 2011, 2012. now show the next year. this is what they had projected the deficit would be by the end of this year. but now...
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May 15, 2013
05/13
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in this fiscal year, $200 billion lower the deficit's going to be than a couple of months ago and by 2015, we'll be talking about deficits in the realm of $300 billion and in the face of this, with millions of people still unemployed, with the unemployment rates up over 7%, we're not doing more to get people back to work. and we're still focused on deficit reduction when we see that even projecting out over several years, it's even a conservative economist, no one would argue these levels of debt that we're seeing in 2015 now are not at a sustainable level. >> is there a way for the obama administration to try to steal some of the attention away from the irs, benghazi? benghazi's not as topical because of what's coming forward about the irs. >> i wish the case for the sort of deficit hawk hysteria had anything to do with facts. we just saw one of the major papers that was brought up at a rationale for his obsession for cutting the deficit and the debt. we saw that disproved. so unfortunately, this has always been about a radical agenda. today, this afternoon, house republicans are go
in this fiscal year, $200 billion lower the deficit's going to be than a couple of months ago and by 2015, we'll be talking about deficits in the realm of $300 billion and in the face of this, with millions of people still unemployed, with the unemployment rates up over 7%, we're not doing more to get people back to work. and we're still focused on deficit reduction when we see that even projecting out over several years, it's even a conservative economist, no one would argue these levels of...
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May 14, 2013
05/13
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immigration reform, budget deficit deal, another attempt at gun control. up in of that has been talk about since last week and all but a handful of questions today were about the app and the irs subjecting tea party groups to scrutiny. the president says if the irs officials acted inappropriately, they should be held ant credible. and on the phone records, he says mr. bober bober believes reporters should have unfettered access even as the government protects its secrets. >> believe it's possible to strike that balance and at the same time subpoena the phone records? >> i can't comment on the specific reports you cite. i can say the president does believe that the balance should be sought and can be found but it is a balance and, therefore, something that we need to constantly work at. >> the obama administration has launched six prosecutions for leaking classified information, which is more than all previous presidents come bind, shepard. >> shepard: on benghazi some observed that jay carney seems to not believe any of the questions about that are still l
immigration reform, budget deficit deal, another attempt at gun control. up in of that has been talk about since last week and all but a handful of questions today were about the app and the irs subjecting tea party groups to scrutiny. the president says if the irs officials acted inappropriately, they should be held ant credible. and on the phone records, he says mr. bober bober believes reporters should have unfettered access even as the government protects its secrets. >> believe it's...
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May 14, 2013
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he inherited a city with $300,000 budget deficit. the state's appointed emergency financial manager warned that the deficit could $386 million by jewel 1st. >>> in new jersey the role other coaster at seaside heights is being demolished. it was a symbol of the pamage that superstorm sandy inflicted on the east coast. those are your headlines. i'm patti ann browne. back to you. ashley: patti ann, we thank you so much. get back to the markets. call it a case of the tuesdays. the dow less than two hours from extending the win he can street of 18 straight tuesday as the market is on track to finish in record territory yet again. joining me, above pavlick, from banyon partners with his take what he is watching to drive the market higher. bob, thank you so much for joining us. so you say, look there's lots more room to the upside. i don't say that you say a lot of room but there is room to the upside. what is driving the markets right now? we've gone through earnings. the economic date at thaa is so so. by all economic accounts we're drift
he inherited a city with $300,000 budget deficit. the state's appointed emergency financial manager warned that the deficit could $386 million by jewel 1st. >>> in new jersey the role other coaster at seaside heights is being demolished. it was a symbol of the pamage that superstorm sandy inflicted on the east coast. those are your headlines. i'm patti ann browne. back to you. ashley: patti ann, we thank you so much. get back to the markets. call it a case of the tuesdays. the dow less...
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May 15, 2013
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we were hoping to work more on the deficit. do you think this will diverge us from getting things like that done in washington? >> i am not so sure that the market will take that as bad news. the less they do inside the beltway seems to be the better. that is seen as bad news. the more gridlock, the better in many peoples minds. dennis: we have justice with the ap, the irs going after tea party groups, if we have a third-party to come up that is overreaching like that, it gets far worse. >> i will give you one. it is still another one. if i can quickly push back a little on what david said, i agree. i would also say be careful what you wish for. the specter of a three year lame-duck president does not look that great internationally. i do worry about that angle. >> i am not too worried about what is happening internationally. i think they will basically be just slightly by over the next couple years. it is the economy here that i am worried about. with gridlock, look at what we have been able to get done. the president realizes
we were hoping to work more on the deficit. do you think this will diverge us from getting things like that done in washington? >> i am not so sure that the market will take that as bad news. the less they do inside the beltway seems to be the better. that is seen as bad news. the more gridlock, the better in many peoples minds. dennis: we have justice with the ap, the irs going after tea party groups, if we have a third-party to come up that is overreaching like that, it gets far worse....
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May 12, 2013
05/13
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it's going to put a strain on europe's economy and their deficits. the deficits and austerity measures put in place to deal with their dent are a source of major controversy there. as the debate rages on, leaders are watching in the u.s. closely. former president bill clinton said there's a right way and a wrong way to do austerity. >> if you don't kick a long-term deficit reduction plan in at the right time and we don't pass a plan in advance, then there's always the chance that the economy will start recovering and interest rates will go through the roof and it will make the susequester look like a sunday afternoon walk in the park. >> so here's the question, will too much government belt tightening threaten the fragile u.s. recovery? and what can the u.s. learn from europe and its crisis? peter is an economist and professor at the university of maryland school of business. richard quest is the host of quest means business on cnn international. thank you for joining me. peter, let me start with you. you say it's too late. austerity measures in euro
it's going to put a strain on europe's economy and their deficits. the deficits and austerity measures put in place to deal with their dent are a source of major controversy there. as the debate rages on, leaders are watching in the u.s. closely. former president bill clinton said there's a right way and a wrong way to do austerity. >> if you don't kick a long-term deficit reduction plan in at the right time and we don't pass a plan in advance, then there's always the chance that the...
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May 15, 2013
05/13
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there is no real evidence they want to reduce the deficit. they continue to preach austerity even though it's hurt our economic growth. contemporary politics around the world show that. so the budget deficit's come down partly because we have cut a lot of spending. in some cases as you look around now, far too much spending in some cases but the main reason is economic growth. and our view all along has been if you focus on jobs the deficit comes down. look at what happened in the 1990s, 21 million private sector job net increase. we had the biggest budget surplus in american history. those are not coincidental. those are related. more people working. more people paying taxes. fewer people on food stamps or unemployment benefits. >> meanwhile, republicans continue to preach and act as if the number 1 problem facing this country is the size of the debt and the size of the deficit. right? >> spending. >> spending. >> and, you know, it's really what they really mean is cutting any social programs or cutting programs to help the poor and the midd
there is no real evidence they want to reduce the deficit. they continue to preach austerity even though it's hurt our economic growth. contemporary politics around the world show that. so the budget deficit's come down partly because we have cut a lot of spending. in some cases as you look around now, far too much spending in some cases but the main reason is economic growth. and our view all along has been if you focus on jobs the deficit comes down. look at what happened in the 1990s, 21...
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May 15, 2013
05/13
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that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or improved economic conditions, you drastically and very quickly lower your debt position and your deficit position. that should be the first order of business. that is really what we do first before we figure out what is our true remaining structural long-term deficit. melissa: okay, but doug, you're a numbers guy. let's do thisatively, rather than with our emotions. can the economy quantitatively grow enough to deal with paying for our promises for the entitlements and the system that we have laid out? >> no. at the heart of this are p
that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or...
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May 19, 2013
05/13
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and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned. >>> first, here is my take. conservatives are, of course, mad at barack obama. we'll talk about the various scandals in a moment, but they're also mad at a country that isn't mad enough at him. this frustration is now taking over main stream and intelligent voices within the conservative movement and about broader issues than benghazi. brett stevens, the columnist for "wall street journal" lementes that president obama is not paying a price for a foreign policy that he, stevens, describes as isolationist. now, isolationism will come as a surprise to the diplomat soldier
and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned....
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May 19, 2013
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overall, the economy grew 2.5% in the first three months of the year, but the deficit is dropping. plunged 32% in the first half of the fiscal year. housing is improving. prices are rising in most areas. consumer confidence, we learned late this week, lm at a six-year high. stocks, i don't have to tell you. most of the people in washington have a 401(k), so they're very well aware what is happening in the stock market. here is my question, ron, i want ron to answer this. here you've got republicans who can be focusing on other things and not the things going in the president's direction. >> right, you know, absolutely. it gives them an opportunity to kind of take the political offensive, and as i said, to mobilize their base. but there is an opportunity. there is a desire on the public to see things get done, particularly on the deficit, the debt, economic growth. those kind of issues. to the extent they're seeing us focus solely on this, there is cost. and politically, you know, your numbers, it's kind of a fascinating subcurrent which is that the grubs at the core of this new oba
overall, the economy grew 2.5% in the first three months of the year, but the deficit is dropping. plunged 32% in the first half of the fiscal year. housing is improving. prices are rising in most areas. consumer confidence, we learned late this week, lm at a six-year high. stocks, i don't have to tell you. most of the people in washington have a 401(k), so they're very well aware what is happening in the stock market. here is my question, ron, i want ron to answer this. here you've got...
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May 17, 2013
05/13
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>> we need to be careful tempt federal level washington is a mess in terms of the deficit. so you have to ask tough questions. we do need to make better investments in infrastructure, and michigan's roads are one of the things we need to invest more money in, but the way i look at it, we can afford to do it and we want to do it in a smart way. so i wish the federal government would say, instead of taking money from consumers, give us choices and we'll put those investments to smart use. >> neil: dumb question on my part. last time i checked we power a lot of money, commit a lot of money, gasolines taxes, tolls, bridges and roads, et cetera, taxes on the transportation department, for things like roads and brian -- and bridges and highways. i'd like to know where that money has gone before i commit more money. what say you? >> that's always one of the issues. in fact michigan is donor state which is tough to figure out why. we're still a donor state to the government with respect to the gas tax. we road like to bet -- get our dollar back and we need to make improvements. wen
>> we need to be careful tempt federal level washington is a mess in terms of the deficit. so you have to ask tough questions. we do need to make better investments in infrastructure, and michigan's roads are one of the things we need to invest more money in, but the way i look at it, we can afford to do it and we want to do it in a smart way. so i wish the federal government would say, instead of taking money from consumers, give us choices and we'll put those investments to smart use....
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May 16, 2013
05/13
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neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and salary growth two times what has been. >> that $642 billion it is a lot less than it was in well under $1 trillion and we can remember a time when deficits were approaching $100 billion now we celebrate 642 billion but whatever that is. >> of course, $50 billion is a pavement a tax gimmick from fannie mae. where do they get the 60 million? they borrow it. neil: a lot of it is a tax increase. that part is there temporarily because with the fiscal cliff came at the end of the year there was a huge pre-emptive realization and bonuses were paid and 100 billion as one time revenue. neil: so you say with a focus on the lates
neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and...
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May 16, 2013
05/13
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deficit is rapidly decreasing ahead of styx, but you wouldn't know it from fox news because benghazi! the feds want to lower the threshold for what constitution drunk driving. which means we'll have to have less spelling errors when we text from behind the wheel. is this a public safety man or a racket to raise more money. and you may have heard about the gay teacher fired for her sexual orientation. but what does the bible really say about lesbians. turns out it's the catholic homophobes who need to repent. it's
deficit is rapidly decreasing ahead of styx, but you wouldn't know it from fox news because benghazi! the feds want to lower the threshold for what constitution drunk driving. which means we'll have to have less spelling errors when we text from behind the wheel. is this a public safety man or a racket to raise more money. and you may have heard about the gay teacher fired for her sexual orientation. but what does the bible really say about lesbians. turns out it's the catholic homophobes who...
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May 14, 2013
05/13
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we seemed that we were getting and budget deficits, oh, my god everyone can relax, get the economy go. then we have that wet blanket all over. depending how deep and ugly it -ets it will abfe affect the consumer. making a decision. and it could have a negative effect. neil: malia, i think every time you have a potential of a scandal. economic backdrop has a lot to say whether the scandals do that president in. i think. bill clinton of saved in large part becauseethe economy everything doing so well. this predent mig be saved. by comparison it is doing bter than it was. richard nixon was not so fortunate. >> i think you bring up a good point with looking at nixon and lousy economy. that probabl had a lot to do with the lousy economy. i don't think that scandal in washington affects our markets that much, if it did, i am sure we would not be as well off as we are, scandals in washington have been happening since washington, it is important we remember that what creates strong economies are jobs and government working with citizens to build its economy. >> what if people question that go
we seemed that we were getting and budget deficits, oh, my god everyone can relax, get the economy go. then we have that wet blanket all over. depending how deep and ugly it -ets it will abfe affect the consumer. making a decision. and it could have a negative effect. neil: malia, i think every time you have a potential of a scandal. economic backdrop has a lot to say whether the scandals do that president in. i think. bill clinton of saved in large part becauseethe economy everything doing so...
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my ministers first priority will be to reduce the deficit and restore economic stability at the same time the creek is set to get a five billion pound pay rise this year thirty six point one million pounds from the u.k. taxpayer will go towards the queen and her residence says her royal chefs and cost an estimated ten million pounds a year thirty six million is divided into money which runs on. well household the queen and the duke of edinburgh most of it goes on salaries also on the upkeep palaces such as buckingham palace windsor castle and all royal trouble at home and abroad the british monarchy has become synonymous with the image of britain because it is the world's most high profile maliki the queen of ages seven and the duke of edinburgh at ninety one all remarkable examples of public service and of national unity but the cost to the public purse rises steadily as austerity sets in the five million pound increase in the queen's expenses from the states represents a fifteen percent rise vital services are being lost while the queen gets this big pay rise i think it's very unfa
my ministers first priority will be to reduce the deficit and restore economic stability at the same time the creek is set to get a five billion pound pay rise this year thirty six point one million pounds from the u.k. taxpayer will go towards the queen and her residence says her royal chefs and cost an estimated ten million pounds a year thirty six million is divided into money which runs on. well household the queen and the duke of edinburgh most of it goes on salaries also on the upkeep...
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people in march the biggest source of public anger it's also scratched hopes of cutting the budget deficit to three percent of g.d.p. by two thousand and thirteen and the european commission's most recent forecast shows frasse will be in recession until the end of the year the seventy five percent income tax on the super rich is also a no go after france's constitutional court overruled it on the very talk of it pushed french actor gerard depardieu to give up his citizenship for a law should one one promise along to didn't that it's to keep is legalizing gay marriage pleasing supporters it also sparking fierce consultation. i think we've all. seen people happy with gay marriage but it doesn't feed our families it doesn't give us food there are realities that are good to say but there are also priorities a priority is employment we need to eat it is obvious is it to blame. if you're the. president immediately. into the economy one hundred one anyway i just would like to hear your president which is not making that mr romney which is keeping some kid on which is not going to explain that you
people in march the biggest source of public anger it's also scratched hopes of cutting the budget deficit to three percent of g.d.p. by two thousand and thirteen and the european commission's most recent forecast shows frasse will be in recession until the end of the year the seventy five percent income tax on the super rich is also a no go after france's constitutional court overruled it on the very talk of it pushed french actor gerard depardieu to give up his citizenship for a law should...
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May 14, 2013
05/13
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as you've seen over the last weeks and months, to see if we can find common ground on reducing our deficit in a balanced way that will help the economy grow, help it create more jobs. you know, we are focused on these fundamental issues that the american people sent this president to this office twice now to focus on, and, you know, i understand the effort -- i mean, the understanding -- i understand the natural inclination to try to bunch some of these things together, but there really is a distinction here. i think you heard from the president that the ongoing obsession -- and i'm quoting now somebody describing the speaker of the house -- the ongoing obsession with talking points on benghazi and the attempts to politicize that constitute a side show that's driven purely by or largely by political interests and not the interests of finding out exactly what happened and who was responsible and taking the steps that we need to take to ensure that our diplomats and our facilities are secure. that's what the president's been focused on. that's what you've seen in the report from the arb, the
as you've seen over the last weeks and months, to see if we can find common ground on reducing our deficit in a balanced way that will help the economy grow, help it create more jobs. you know, we are focused on these fundamental issues that the american people sent this president to this office twice now to focus on, and, you know, i understand the effort -- i mean, the understanding -- i understand the natural inclination to try to bunch some of these things together, but there really is a...
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May 16, 2013
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the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused himself of sexual assault. latest case involves a ft. hood sergeant. you won't believe this, i couldn't believe it, into prostitution and for sexually assaulting this guy did apparently charged with two others. the army's not releasing his identity as he has not been charged officially, but get a load of his job title, sexual harassment response and coordinator. that's right, the guy you're supposed to go to for help is accused of sexually assaulting someone. this comes just one week after the man in charge of sexual assault from the entire air force was charged with sexu
the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused...
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May 14, 2013
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austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >> thank you very much. my pleasure, good luck to you and congratulations. >> thanks again to democratic house leader nancy pelosi for joining me earlier today. that's all in for this evening the rachel maddow show starts now.
austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >>...
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May 15, 2013
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the federal deficit is now projected to come in well below what was estimated just a few months ago but it is 642 billion john pillow its estimate. >>> now they are having concerns about the bay bridge and they are grilling them about the bad bolts on the span. they want to know why they are using bolts which have been banned due to the risk they could crack. they are working on fixing the problem and one project manager said quote, the bay bridge still has a fighting chance to open this year. >>> train 102 about an hour ago hit a pedestrian in san bruno during during the right-of-way and they did stop all service at one time and now they have single tracking and the train that was involved is still on the scene, so it is causing major delays alls pass years have been interviewed and transit police according to caltrans on that tweet. >>> let's take a look at a picture involving a crash with a motorcycle and you can see the man was trapped underneath and traffic is backed up for at least a mile and look at the g through and if you are tt coming from 880, this is an unexpected advantage
the federal deficit is now projected to come in well below what was estimated just a few months ago but it is 642 billion john pillow its estimate. >>> now they are having concerns about the bay bridge and they are grilling them about the bad bolts on the span. they want to know why they are using bolts which have been banned due to the risk they could crack. they are working on fixing the problem and one project manager said quote, the bay bridge still has a fighting chance to open...
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May 16, 2013
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budget deficit is declining faster than expected. the congressional budget office says the deficit is expected to shrink to $642 billion in the fiscal year ending september 30 down by more than $200 billion from the agency's estimate just three months ago. but not all is rosie. here's jill schlesinger, cbs news senior business analyst. so jill, why did the deficit projection narrow by so much? >> reporter: you know, after four years of trillion-plus dollar deficit, this year's drop is due to higher-than- expected tax receipts. now, remember, we had a big tax increase so a lot of taxpayers chose to pay taxes late in 2012 before rates went up in 2013. a little extra money for the government. okay. then we also had amazingly a $95 billion dividend payment from both fannie mae and freddie mac, so that was a good news factor. and then we also had the government spending less money $85 billion on the sequester. put it all together, we have better-than-expected news on the deficit for this fiscal year. >> well, it seems like a little progre
budget deficit is declining faster than expected. the congressional budget office says the deficit is expected to shrink to $642 billion in the fiscal year ending september 30 down by more than $200 billion from the agency's estimate just three months ago. but not all is rosie. here's jill schlesinger, cbs news senior business analyst. so jill, why did the deficit projection narrow by so much? >> reporter: you know, after four years of trillion-plus dollar deficit, this year's drop is due...
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May 14, 2013
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bruins first game to come back from a three goal deficit and they did it in spectacular fashion. toronto had a lead and with more than a minute to go there was this in regulation. >> one-timer, save rebounder. he scores! and 53 seconds to go. bertrand gets it! >> six minutes into overtime. the deal is sealed. celebrations in the streets of boston. stunned silence in toronto. bruins face the rangers in round two and boston has had a rough month. >> jenna: look at that. tell everybody how awesome the boston bruins are. >> jon: beloved producer is prosecute boston that is why you get these stories, okay? >> jenna: it was well deserved. >> jon: thanks for joining us. >> jenna: america live starts right now. >> megyn: fox news alert. what a busy afternoon we have for you. the convergence of three political controversies now strange the credibility of our very government. welcome, i'm megyn kelly. a look at the white house where jay carney is expected to brief reporters at any moment. if you didn't see friday afternoon his last briefing. you may be in for a shoshg when you see a differ
bruins first game to come back from a three goal deficit and they did it in spectacular fashion. toronto had a lead and with more than a minute to go there was this in regulation. >> one-timer, save rebounder. he scores! and 53 seconds to go. bertrand gets it! >> six minutes into overtime. the deal is sealed. celebrations in the streets of boston. stunned silence in toronto. bruins face the rangers in round two and boston has had a rough month. >> jenna: look at that. tell...
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the heat erasing 11-point second-half deficit to knock out the chicago bulls in game five. the heat again in the eastern conference finals. they await the winner of the pacers and knicks. the pacers could close that thing up at the garden tonight. >> so it could be the pacers versus memphis? >> potentially, yes. >> that's what you're hoping for. >>> turning to college basketball, rutgers university has announced julie herman as its new athletic director. herman replaces the former a.d. who resigned after a video came out of the school's former men's basketball coach mike rice. >> ow. >> caught on camera hurling basketballs at players and using in a couple cases gay slurs during practice. hermann would be rutgers' first female a.d. she comes from louisville where she served as their athletic director's top deputy. she's got more than 30 years in college athletics but no prior experience as the head of a school's athletic program. >> mike, are there a lot of top program -- >> five. she becomes the fifth in d-1 schools. >> good move. move>> g >>> up next, author, columnist, ke
the heat erasing 11-point second-half deficit to knock out the chicago bulls in game five. the heat again in the eastern conference finals. they await the winner of the pacers and knicks. the pacers could close that thing up at the garden tonight. >> so it could be the pacers versus memphis? >> potentially, yes. >> that's what you're hoping for. >>> turning to college basketball, rutgers university has announced julie herman as its new athletic director. herman...
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now we only have a deficit less than 100 the next six months. the net issuance versus refunding is a little over 100. that means we have 400 billion, 400 billion that has to be made up. so basically think about this. that's being taken out of the market, out of the bond market. 400 billion is now in your hands, my hands and other folks's hands. and there's a few choices. it either has to go in the economy, which, you know it probably will go somewhat in the economy. it has to go to the short end of the curve trade better. we have this excess. or it has to make stocks trade higher. now, the problem is you might be worried some of that might go into the economy and, you know it might stimulate with a little bit of surge. basically, afterwards, we also have to cut back because the deficits in the future will be less than this trillion dollars. so if we don't taper back we will get into this hyper drive market. it's backwards. the fed has to taper back. because if you look at the numbers, it's so tremendous, these numbers are so tremendous that you
now we only have a deficit less than 100 the next six months. the net issuance versus refunding is a little over 100. that means we have 400 billion, 400 billion that has to be made up. so basically think about this. that's being taken out of the market, out of the bond market. 400 billion is now in your hands, my hands and other folks's hands. and there's a few choices. it either has to go in the economy, which, you know it probably will go somewhat in the economy. it has to go to the short...
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May 16, 2013
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well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted and careful not to blame funding for the attackkin benghazi but mentioning funding a rounded to create the inference. boxer was less careful and when you ask about the ira'she ? he did not answer the question so he was very legalistic. lou: this is moving from a crisis of confidence, it seems to me, directly to a constitutional crisis. this president has lost his credibility. it has been shredded. where are we headed? >> but his ability is to get things done and there is no appetite in washington to get anything done with scandal swirling around the president so beleaguered not he is labor it they and lame in the
well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted...
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May 18, 2013
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for the most part predicts that the deficit will fall. why is this all to have good economic news getting the attention that bad economic news would no doubt get. >> it has to be a man bite dog story. it is bad in our business always getting more attention. an sbesing note, the more money we save we we save money on reduced interest payments as money that the nation owes goes down so you save two ways on this. i think this particular week has been so overwhelmingly challenging 0 be bam ma white house. the last few reports have been upbeat. this continues the trajectory. it would have had to have been a lot more dramatic to overwhelm one of the worst weeks of the obama administration. >> also coming out of the budget report this week, if enacted the president's budget would cut more than a trillion dollars from the government's budgets. with all that's happening hasn't this budget been forgotten about disregarded by those on the hill. >> both the house and senate budget committees have pass and enboth chambers have passed their versions. t
for the most part predicts that the deficit will fall. why is this all to have good economic news getting the attention that bad economic news would no doubt get. >> it has to be a man bite dog story. it is bad in our business always getting more attention. an sbesing note, the more money we save we we save money on reduced interest payments as money that the nation owes goes down so you save two ways on this. i think this particular week has been so overwhelmingly challenging 0 be bam ma...
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. >>> $200 billion in deficit just vanished. and scott la cruz said politicians and committees had nothing to do with it. >> good morning. all of that fighting over the sequester, spending cuts and we cut the deficit by rethinking the math. the congressional budget office which is nonpartisan said the deficit will fall by $200 billion thanks in part to a growing economy and recent tax hikes. the new estimates give washington much more breathing room pushing fights like the debt ceiling off for months. washington still spends far more than it has. and in hot for the past year to the tune of trillions but for some, this is more evidence of a recovering economy and not spending cut which is may be best for america. >>> the european economy meanwhile in trouble. france says it's fallen back in recession. germany barely posted growth for the quarter. so when you mix all the euro countries together as a group, they've been in recession for a year and a half now. >>> markets hit another record tuesday. you mentioned tesla. it's an all-
. >>> $200 billion in deficit just vanished. and scott la cruz said politicians and committees had nothing to do with it. >> good morning. all of that fighting over the sequester, spending cuts and we cut the deficit by rethinking the math. the congressional budget office which is nonpartisan said the deficit will fall by $200 billion thanks in part to a growing economy and recent tax hikes. the new estimates give washington much more breathing room pushing fights like the debt...
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as an example, the congressional budget office announced today that this year's budget deficit will be $200 billion less than predicted in february, and half what it was the president's first year in office. that means he's effectively delivered on his promise to cut the deficit in half as a percentage of the economy, and yet no one is listening. you've got to believe the president's got to deal with this. so benghazi document dump today. action on the irs. we'll see what happens on the justice department subpoena of ap phone records. at this point the white house is defending that much more strongly it is the actions taken by the irs. bret? >> bret: okay. wendall, thank you. probably under a minute to the president, and likely treasury secretary jack lew. back with the panel, judge napolitano, we welcome a.b. studdard, associate editor of the hill, and charles krauthammer with us through the statement. quickly, a.b., before the president gets here, the siege mentality that may be overtaking, as wendall describes it, at white house. >> yeah. i think even the president's supporters were
as an example, the congressional budget office announced today that this year's budget deficit will be $200 billion less than predicted in february, and half what it was the president's first year in office. that means he's effectively delivered on his promise to cut the deficit in half as a percentage of the economy, and yet no one is listening. you've got to believe the president's got to deal with this. so benghazi document dump today. action on the irs. we'll see what happens on the justice...
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May 19, 2013
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if we just stop changing the -- [indiscernible] we need to take care of long- term deficit. -- oesn't seem i still do not understand why that happened. this is not happening. [indiscernible] do you want to jump in? i guess i would just say comes backnghazi it to we haven't seen anything after so many hearings. there's so much frustration on this issue. there have been e-mail's provided by the white house, talking points provide it. there has been so much discussion on capitol hill on this issue. if you do not live here, believe me, there has been a lot of discussion on benghazi. there has really not been anything to come out of it except that it was a tragic situation. there have been more calls to focus on embassies' security. beyond that, i do not see what else there is to hold on to this issue. from here is an article the "new york post" talking about how last week's events may impact the 2014 races. your thoughts on how long we will be seeing these issues? guest: i think we will be seeing these issues for a while. this is obama's second term, and here we are right at the start of
if we just stop changing the -- [indiscernible] we need to take care of long- term deficit. -- oesn't seem i still do not understand why that happened. this is not happening. [indiscernible] do you want to jump in? i guess i would just say comes backnghazi it to we haven't seen anything after so many hearings. there's so much frustration on this issue. there have been e-mail's provided by the white house, talking points provide it. there has been so much discussion on capitol hill on this...
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May 20, 2013
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page 814 by the way, we just reduced the deficit by $200,000,000,000 from the projections a couple of months ago. do you hear the republicans talking about the economy? no. do you hear them talk about how the president's plans have been working? do you hear them talking about the optimism out there now? do you hear them talk about the stockmarket that copts to go up and tripled almost since the low level? no. this is all they are talking about, ruined this economy. it's like a four letter word to them. come on. >> i understand that. i don't want understand why we are not talking about the economy and why the president doesn't say, you know, you want another conference and talk about a budget? forget that. we are doing this without any help from you. let's talk about how we are going to put americans back to work. we should do events around the country on this and should talk about specific piece of legislation. he still has out there to solve it. >> that'sness what they care about. they care about their job. am they are their incomes have been stagnant. middle americans. they want a p
page 814 by the way, we just reduced the deficit by $200,000,000,000 from the projections a couple of months ago. do you hear the republicans talking about the economy? no. do you hear them talk about how the president's plans have been working? do you hear them talking about the optimism out there now? do you hear them talk about the stockmarket that copts to go up and tripled almost since the low level? no. this is all they are talking about, ruined this economy. it's like a four letter word...
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May 16, 2013
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the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to let these kids not be in school and not turn over any money and not find some way initially for a bridge loan or something. what does that say to you about the governor? >> first of all, i want to thank them for doing the right thing, even though it took some time. i'm not really anxious to point fingers. i think what it does show is we have huge inequities in this country and in michigan and lots of other places, and we need to correct those inequities. for every buena vista that had to close, there are hundreds of schools that are functioning barely at the sustainable level and getting marginal educ
the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to...